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Aug 31, 2011
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ramy inocencio joins us once more. i guess the first thing we should say is copper is a pretty important commodity. >> you're exactly right. we should care about it because copper is pretty much in everything around us that's modern out there. the red metal, for example, is used in construction, in the electrical wiring in homes and offices, for example. it's also in anything that pretty much channels electricity. in our increasingly wired world around us, all of our gadgets have copper and we need it for transport. talking about cars, planes an trains. they have copper in them, too. guess which country has been building more new homes, driving more tech, that is china. take a look at this graph of china's imports over the past three months. here you can see this consistent rise that's been happening. this july number over here, 194 kill tons of imports was china's high northwest the past year. i spoke with three analysts earlier this year and they all said they can only expect this trend to keep going higher, specific
ramy inocencio joins us once more. i guess the first thing we should say is copper is a pretty important commodity. >> you're exactly right. we should care about it because copper is pretty much in everything around us that's modern out there. the red metal, for example, is used in construction, in the electrical wiring in homes and offices, for example. it's also in anything that pretty much channels electricity. in our increasingly wired world around us, all of our gadgets have copper...
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Aug 17, 2011
08/11
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let's go over to ramy inocencio. >> markets were fairly directionless. the nikkei closed down half a percent, for example. nissan, toyota, sony, falling between 1.5 and 2.5%. honda was the biggest loser in reaction to slowing global growth. here in hong kong, the hang seng was up by about .3%. financials were the big boost. bank of east asia as well as bank of china both closed up between 3% and 4%. china's vice premier promised to open up the mainland to more hong kong investment. meantime the shanghai composite was down .25%. it fell to close down .25%. the asx 200 in australia turned out to be the biggest gainer of the day, closing up 1 .3%. financials led the way after good earnings reports from three of the big four banks there. west pack closed highest 1.25%. it had been up by about 3%. all in all, a fairly directionless day after the merkel-sarkozy summit that failed to deliver on any guidance. nina? >> it did indeed. let's talk about a number company that may perhaps deliver when it comes to guidance. manchester united moving from finance to foot
let's go over to ramy inocencio. >> markets were fairly directionless. the nikkei closed down half a percent, for example. nissan, toyota, sony, falling between 1.5 and 2.5%. honda was the biggest loser in reaction to slowing global growth. here in hong kong, the hang seng was up by about .3%. financials were the big boost. bank of east asia as well as bank of china both closed up between 3% and 4%. china's vice premier promised to open up the mainland to more hong kong investment....
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Aug 18, 2011
08/11
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let's go to rami inocencio now with more on that reply from foster's. >>> $10 billion is a huge sum of money but it wasn't sweet enough for foster's group to bite. in a statement, foster's had this to say, the board of foster's carefully considered the offer and intends to unanimously recommend shareholders reject the offer. that's because foster's says $10 billion actually significantly undervalues the company. breaking it down, that values each share at $4.90 aussie per share. analysts have said sabmiller would have to up that offer to 5.10 or maybe as high as 5.30. sabmiller released this statement, basically sabmiller has decided to make an offer to foster's shareholders directly. so far, there's been no willingness to engage and 09% of all shareholders would need to approve the takeover bid. >> interesting. a lot has changed since june when the first takeover, the friendly takeover was announced. market conditions certainly much weaker now than it was then. there. >> are two reasons foster's might be nearing a wall on this. no other company has actually come calling for foster's t
let's go to rami inocencio now with more on that reply from foster's. >>> $10 billion is a huge sum of money but it wasn't sweet enough for foster's group to bite. in a statement, foster's had this to say, the board of foster's carefully considered the offer and intends to unanimously recommend shareholders reject the offer. that's because foster's says $10 billion actually significantly undervalues the company. breaking it down, that values each share at $4.90 aussie per share....
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Aug 10, 2011
08/11
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ramy inocencio joins us. when you look at it, does it bear up under scrutiny. >> depends on which country you look at in aus an know. the ten-member nation is not a monolithic nation. i spoke with four analysts throughout the day today. one from hsbc singapore, another from singapore's institute of international affairs, another from the asian development bank in the philippines and another from the institute of southeast ashian studies. i wanted to get a lot of these people in on this conversation. they all agreed that indonesia is the anchor for asean right here. that it's the most stable. for example, the fourth largest country in the world with 240 million people. that means that they have a huge consumer base. that consumer base allows them to keep on pushing consumer demand there. especially with a lot of young people in the country, there's a lot of veracious consumers out there, for tech, for example. it also has a growing middle class. they can afford more stuff basically, buying telephones, buying c
ramy inocencio joins us. when you look at it, does it bear up under scrutiny. >> depends on which country you look at in aus an know. the ten-member nation is not a monolithic nation. i spoke with four analysts throughout the day today. one from hsbc singapore, another from singapore's institute of international affairs, another from the asian development bank in the philippines and another from the institute of southeast ashian studies. i wanted to get a lot of these people in on this...
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Aug 19, 2011
08/11
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ramy inocencio has been watching the news for us. it's interesting. big falls today, but apart from south korea, it could have been worse. >> it could have been worse, but could have been much better. as we got closer to the markets' closing times, the selloff accelerated across the region. experts were the big way on the nikkei, closing 2.5%. nikkei, honda and sony between 3% and 4%. the hang seng closed 3.5%. one of the biggest losers, cosco pacific, one of the largest shipping operators, closing 6%. oil shares fell, too, following the price of oil. the shanghai composite in the mainland, that closed down almost 1%, following the region's losses. it was the least heard in the markets. it was a bit more at tuned to the china domestic markets rather than world markets. in australia, the asx closed down 3.3%, representing more than $40 billion wiped off the books in just a day. banks down to 4.5%: the worst performing index in this region was soles cos pee with a loss of more than 6.2%. for more of that, let's cross live to paula hancocks. why did sout
ramy inocencio has been watching the news for us. it's interesting. big falls today, but apart from south korea, it could have been worse. >> it could have been worse, but could have been much better. as we got closer to the markets' closing times, the selloff accelerated across the region. experts were the big way on the nikkei, closing 2.5%. nikkei, honda and sony between 3% and 4%. the hang seng closed 3.5%. one of the biggest losers, cosco pacific, one of the largest shipping...